1. FII bought 21560 Contracts of NF worth 540 cores OI also decreasing by 412195 contracts.As it was March Future Expiry thats why we are seeing such huge reduction in OI.
2. As Nifty Futures was down by 20 points and OI has decreased by 412195 contracts means institutions have exited mostly out of shorts in NF as net OI has decreased with fall in price.
3. Nifty for the 4 day was unable to move above 50 SMA@5306. Again saving grace comes that Bulls are protecting 200 SMA@5150 Till Nifty is trading above this level bulls still have a chance for Pullback.Bulls made a good attempt today to defend 5150 area.
4. Channel bottom comes at...
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